Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-312true2022-06-012truefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07252063 2022-06-01 2023-05-31 07252063 2021-06-01 2022-05-31 07252063 2023-05-31 07252063 2022-05-31 07252063 c:Director2 2022-06-01 2023-05-31 07252063 d:FreeholdInvestmentProperty 2023-05-31 07252063 d:FreeholdInvestmentProperty 2022-05-31 07252063 d:FreeholdInvestmentProperty 2 2022-06-01 2023-05-31 07252063 d:CurrentFinancialInstruments 2023-05-31 07252063 d:CurrentFinancialInstruments 2022-05-31 07252063 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 07252063 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 07252063 d:RevaluationReserve 2023-05-31 07252063 d:RevaluationReserve 2022-05-31 07252063 d:OtherMiscellaneousReserve 2023-05-31 07252063 d:OtherMiscellaneousReserve 2022-05-31 07252063 d:RetainedEarningsAccumulatedLosses 2023-05-31 07252063 d:RetainedEarningsAccumulatedLosses 2022-05-31 07252063 c:FRS102 2022-06-01 2023-05-31 07252063 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 07252063 c:FullAccounts 2022-06-01 2023-05-31 07252063 c:CompanyLimitedByGuarantee 2022-06-01 2023-05-31 07252063 f:PoundSterling 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Registered number: 07252063










THAMES COURT READING FREEHOLD COMPANY LIMITED
(A Company Limited by Guarantee)








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2023

 
THAMES COURT READING FREEHOLD COMPANY LIMITED
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 07252063

BALANCE SHEET
AS AT 31 MAY 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 3 
124,369
128,068

  
124,369
128,068

Current assets
  

Debtors: amounts falling due within one year
 4 
375
978

Cash at bank and in hand
  
3,866
6,759

  
4,241
7,737

  

Creditors: amounts falling due within one year
 5 
(4,000)
(5,892)

Net current assets
  
 
 
241
 
 
1,845

Net assets
  
124,610
129,913


Capital and reserves
  

Revaluation reserve
  
28,156
31,855

Other reserves
  
111,883
111,883

Profit and loss account
  
(15,429)
(13,825)

  
124,610
129,913


Page 1

 
THAMES COURT READING FREEHOLD COMPANY LIMITED
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 07252063

BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



A J Milne
Director
Date: 18 February 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
THAMES COURT READING FREEHOLD COMPANY LIMITED

(A Company Limited by Guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

Thames Court Reading Freehold Company Limited is a private company, limited by guarantee and incorporated in England & Wales. The address of its registered office is Unit 4 Anvil Court, Denmark Street, Wokingham, Berkshire, England, RG40 2BB.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 3

 
THAMES COURT READING FREEHOLD COMPANY LIMITED

(A Company Limited by Guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

3.


Investment property


Freehold investment property

£



Valuation


At 1 June 2022
128,068


Surplus on revaluation
(3,699)



At 31 May 2023
124,369

The 2022 valuations were made by P A Teh, director, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
96,213
96,213

Page 4

 
THAMES COURT READING FREEHOLD COMPANY LIMITED

(A Company Limited by Guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

4.


Debtors

2023
2022
£
£


Trade debtors
375
700

Prepayments and accrued income
-
278

375
978



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
2,104

Other creditors
1,664
1,664

Accruals and deferred income
2,336
2,124

4,000
5,892




6.


Company status

The Company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the Company in the event of liquidation.


Page 5